Friday, December 10, 2010

1949 Ferrari 166 MM Touring Barchetta

The RM Auctions’ event in Arizona on January 20th-21st is already featuring an impressive line up of rare and exotic vehicles, including a 1973 Ferrari 365 GTB/4 Dayton Spyder previously owned by Mr. October himself, Reggie Jackson.

On offer this season is the rare race-bred 1949 Ferrari 166 MM Touring Barchetta. Commissioned for the 1949 Paris Motor Show, the 166 MM is considered to be one of the rarest and most historic Ferrari, having been owned and raced by many notable individuals in the Ferrari world, including Aprile Palmer in 1951.Under the hood, power is provided by a 2.0-liter V12 engine with an estimated 140 hp (104 kW / 142 PS). It is connected to a five-speed manual transmission, which enables the roadster to accelerate from 0-100 mph in approximately 27 seconds.

Chassis number 0024 M – the 10th of only 25 examples made – was originally displayed at the 1949 Paris Motor Show in Argentina's official racing colors, yellow and blue, before being sent off to South America to win the 1950 Mar del Plata. True to its name, it was also campaigned in the 1951 Mille Miglia rally, and has since undergone a thorough restoration – including the red paint job you see here.

The beautiful racer, expected to fetch between $1.9 million – $2.4 million, is one of 11 Ferraris slated to cross the auction block during the marquee event, including Reggie Jackson’s 1973 Ferrari 365 GTB/4 Daytona Spyder that we told you about last month. Originally commissioned for the 1949 Paris Motor Show, the 166 MM on offer is considered one of the rarest and most historic early Ferraris, having been owned and raced by many notable individuals in the Ferrari world.

Originally commissioned for the 1949 Paris Motor Show, for which it was painted in the Argentinean racing colors of yellow and blue, 0024 M is considered one of the rarest and most historic early Ferraris, having been owned and raced by many notable individuals in the Ferrari world. The 10th of just 25 examples featuring striking "Barchetta" coachwork from Carrozzeria Touring of Milan, it made its racing debut at the 1950 Mar del Plata in Argentina, finishing an impressive first overall (pictured left). It was also raced in period in the 1951 Mille Miglia, where it was driven by well-known female driver Aprile Palmer, who purchased the car shortly afterwards.

The subject of a complete and total restoration, 0024 M is today finished in red and fitted with its original components, including chassis, numbers-matching engine, gearbox and differential. As an original entrant in the famed Mille Miglia it is eligible for nearly any event open to historic Ferraris. (Estimate Available Upon Request).

"Over the years RM has earned the privilege of offering more important and historic Ferraris than any other auction house. We are thrilled to present another great series of Ferraris at our Arizona sale in January, including the rare 166MM, s/n 0024 M, arguably one of the most meticulously documented Ferraris we have ever had the pleasure of offering," says Rob Myers, Chairman and Founder RM Auctions.

Continuing RM's reputation as the global leader in the presentation of historic Ferraris at auction, the 166 MM will be joined by no less than 10 other Ferraris at the company's Arizona sale. Other notable entries include the previously-announced 1973 Ferrari 365 GTB/4 Daytona Spyder, s/n 16835, offered from the personal collection of Baseball Hall of Famer, Mr. Reggie Jackson (Est. $800,000 - $1,000,000); a stunning, fully-certified 1966 Ferrari Superfast Series I, s/n 5989 SF (Est. $900,000 - $1,100,000); a fully-restored 1950 Ferrari 166 Inter Berlinetta, s/n 043S, one of just 37 examples produced and displayed at the 1950 Turin Motor Show (Est. $400,000 - $600,000); the 1995 Ferrari F50 Show Car, s/n 99999, the Ferrari show car used to introduce the F50 to the world and the last Ferrari with a five-digit chassis number (Est. $700,000 - $800,000); and a 1967 Ferrari 330 GTC Coupe, s/n 10199 (Est. $220,000 - $250,000).

In addition to the Ferraris, other recent lots include:

A multiple award-winning 1933 Packard Twelve Sport Phaeton by Dietrich, the 1933 New York Show Car and previously part of the famed Otis Chandler Collection (Est. $1,500,000 - $2,000,000);

RM's 2011 Arizona auctions kicks off on Thursday, January 20 with the exclusive ‘The British Are Back' evening sale, followed by the company's traditional Friday sale on January 21. For a frequently updated list of auction offerings, including star consignments for ‘The British Are Back', please visit www.rmauctions.com.

For those unable to attend the event in person, Internet, absentee, telephone and iPhone bidding options are available and the auction will stream live online at www.rmauctions.com to provide real-time coverage of the event.

Admission:An official auction catalog is available for $120 US and admits two people to the preview. Bidder registration is $200 US and includes an official auction catalog and admission for two to the preview, reception and auction days.